Park Hotels & Resorts amended and restated its existing $901 million revolving credit facility to increase total capacity to $950 million, extend the maturity from December 2023 to December 2026, and release all collateral securing the credit.
Sabre Corporation refinanced a portion of its existing indebtedness. Sabre incurred no additional indebtedness as a result of the refinancing above the refinanced amount, other than amounts covering the original issue discount, certain interest, fees and expenses.
Perrigo closed three senior secured credit facilities with JPMorgan Chase Bank, Morgan Stanley Senior Funding, Wells Fargo Securities, BofA Securities and HSBC Securities, totaling $2.6 billion.
Excelerate Energy and Excelerate Energy Limited Partnership entered into a senior secured revolving credit facility. JPMorgan Chase Bank is acting as administrative agent for the facility.
Protective Life Corporation and its principal subsidiary, Protective Life Insurance, closed a five-year, $1.5 billion sustainability-linked revolving credit facility, which replaces its current $1 billion revolving credit facility. Regions Bank is the administrative agent for the facility.
Perrigo, a provider of self-care products, launched the syndication of $2.1 billion in senior secured credit facilities. JPMorgan Chase Bank, Morgan Stanley Senior Funding, Wells Fargo Securities, BofA Securities and HSBC Securities are the joint lead arrangers.
Olaplex, an indirect wholly owned subsidiary of Olaplex Holdings, completed a successful refinancing of its existing secured credit facility with a new credit agreement comprised of a $675 million senior secured term loan facility and a $150 million senior secured revolving credit facility.
Nabors Industries closed a secured $350 million revolving credit facility. Institutions participating in the credit facility are Citibank, Goldman Sachs Bank, HSBC Bank, Morgan Stanley Senior Funding and Wells Fargo Bank. The new credit facility replaces the company’s 2018 revolving credit facility.
WideOpenWest Finance, a subsidiary of WOW! Internet, Cable and Phone, priced and allocated a new credit facility consisting of a $730 million term loan and a $250 million revolving credit commitment. Morgan Stanley Senior Funding acted as the lead left arranger and joint bookrunner for the transaction.
AppLovin, a marketing software company, closed a seven-year, $1.5 billion term loan. JPMorgan Chase Bank, BofA Securities, KKR Capital Markets, Citigroup, Credit Suisse Loan Funding, Goldman Sachs Bank, Morgan Stanley Senior Funding and UBS Securities acted as joint lead arrangers for the facility.